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One-Page Deal Sheet

Marquee Energy to Acquire Michichi Assets

Marquee Energy Ltd. Not Disclosed
AnnouncedFeb 25, 2015
TypeProperty
Announced Date
February 25,2015
Effective Date
February 01,2015
Close Date
August 19,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
17




Snapshot
TargetZones:
{Banff,Detrital}
Net Acres
Net Operated Locations:

Proved Reserves

PV-10 ($MM)
Location
Region
Canada

Country
Canada

Production & Reserves
Production

Reserves


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

$/Location

Transaction Details:  Subscribe to see

Marquee Energy Ltd. has announced that it has entered into an agreement to acquire light oil assets complementary to the Company's existing core asset base and infrastructure at Michichi.

The strategic acquisition includes approximately 330 boe/d (79% oil & NGLs) and 34 net sections of land containing Banff rights that are contiguous with Marquee's position in the area. Consideration is approximately $16.5 million, including $14.5 million cash and the conveyance and exchange of certain non-core gas assets valued at approximately $2 million (subject to customary closing adjustments).

Marquee…

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